Amdocs Ltd
Amdocs Ltd (DOX) is listed on NASDAQ and classified in Software - Infrastructure, part of the Technology sector. It is headquartered in Saint Louis, United States and has 26,969 employees. The company is worth $6.64B and trades at 14.6x its earnings of the last twelve months; the median for its sector is 28.0x. Revenue was $5B in fiscal 2024, up 2.4% from the year before. Net income was $493.2M. The share price is 25.8% below its 52-week high of $85.63. It pays a dividend yielding 3.59%, and has raised its annual dividend for 12 years in a row in our records. 6 of the 38 superinvestors we track held it at the end of Q2 2026. The largest position belongs to Cliff Asness (AQR Capital Management), at $132.92M. In that quarter, 5 of them opened or added to the position and 1 reduced it. No open-market insider trades in it were filed over the last 30 days.
Written from the data on this page: SEC filings (13F, Form 4, annual reports) and market prices.
Year by year, from the annual reports; dividends from the payments themselves.
Bars are year-end balances; lines are what happened during the year.
Major managers that reported this stock in their latest 13F.
▼ -14.0% over 5Y.
today you would have $869.83▼ -13.0%
Dividends reinvested, splits accounted for. Past prices say what happened, not what will.
The last 18 closed years, each at that year’s closing price and reported numbers.
| Indicator | Median | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Year-end price | $85.14 | $87.89 | $90.90 | $74.84 | $70.93 | $72.19 | $58.58 | $65.48 | $58.25 | $54.57 | $46.66 | $41.24 | $33.99 | $28.53 | $27.47 | $28.53 | $18.29 | $34.47 |
Seven formulas applied to the reported numbers, each with its assumption next to the result. None of them predicts a price.
Square root of 22.5 × earnings × book value. Blind to intangibles, so it undervalues software and brands.
Earnings growing 4.1% a year plus a 3.6% dividend yield. Growth capped at 25%.
Median P/E of 28.0 among peers in the sector.
Median P/E of 19.1 across this company’s own years on record.
Cash flow growing 4.1% a year for 10 years, discounted at 10%, then 2.5% forever.
Sector median of 14.3x operating profit, less net debt. Banks have no EBITDA.
Dividend growing 5.5% a year against a 7.0% required return, from the stock’s beta.
Companies of similar size in Technology, for comparison. The columns are the same ones above, in the same order.
| Stock | Price | P/E | P/B | Dividend yield | ROE | Market cap |
|---|---|---|---|---|---|---|
| RNGRingCentral, Inc. | $79.42 | 66.2x | — | 0.35% | — | $6.63B |
| NAVNNavan, Inc. | $25.38 | — | 5.0x | 0.00% | -49.39% | $6.61B |
| LYFTLyft, Inc. | $17.43 | 2.5x | 2.2x | 0.00% | 152.58% | $6.6B |
| DUOLDuolingo, Inc. | $141.39 |
| P/E | 19.1x | 20.0x | 19.6x | 20.5x | 14.1x | 19.1x | 20.8x | 23.7x | 22.1x | 21.5x | 19.1x | 17.8x | 16.3x | 14.7x | 15.3x | 16.3x | 18.2x | 10.5x | 20.9x |
| P/S | 2.2x | 1.9x | 2.1x | 2.4x | 2.2x | 2.2x | 2.4x | 2.1x | 2.4x | 2.3x | 2.3x | 2.1x | 2.0x | — | — | — | — | — | — |
| P/B | 2.5x | 2.8x | 2.9x | 3.1x | 2.6x | 2.6x | 2.8x | 2.4x | 2.6x | 2.5x | 2.4x | 2.2x | 2.0x | 1.8x | 1.6x | 1.6x | 1.8x | 1.3x | 3.0x |
| EPS | $4.25 | $4.49 | $4.44 | $5.32 | $3.71 | $3.47 | $2.47 | $2.96 | $2.71 | $2.85 | $2.62 | $2.53 | $2.31 | $1.86 | $1.69 | $1.57 | $1.74 | $1.65 |
| Dividend yield | 1.58% | 2.25% | 1.98% | 1.74% | 1.92% | 1.85% | 1.58% | 1.71% | 1.34% | 1.34% | 1.25% | 1.33% | 1.26% | 0.76% | — | — | — | — | — |
| Payout | 29.73% | 45.08% | 38.75% | 35.59% | 27.07% | 35.36% | 32.85% | 40.49% | 29.73% | 28.78% | 23.86% | 23.66% | 20.55% | 11.26% | — | — | — | — | — |
| Profit margin | 11.79% | 9.85% | 11.06% | 12.01% | 16.05% | 11.94% | 11.73% | 8.92% | 11.30% | 11.01% | 12.25% | 11.85% | 12.33% | — | — | — | — | — | — |
| ROE | 13.00% | 14.27% | 15.34% | 15.62% | 19.16% | 13.74% | 13.70% | 10.28% | 12.22% | 11.85% | 13.10% | 12.43% | 12.59% | 12.90% | 11.47% | 10.65% | 10.15% | 13.51% | 14.03% |
Median of the years shown; P/E years above 200x are left out.
The average of the method families that answered, not of the seven numbers: four of the seven start from the same earnings per share.
7 methods answered, across 4 families.
Room for errors in the reported numbers.
+56.1% from the average.
Models, not forecasts, and not investment advice. How each formula works →
| 16.3x |
| 4.7x |
| 0.00% |
| 34.42% |
| $6.59B |
| WEXWEX Inc. | $198.14 | 18.7x | 5.1x | 0.00% | 30.19% | $6.75B |
| EXLSExlService Holdings, Inc. | $42.91 | 26.0x | 7.5x | 0.00% | 25.94% | $6.51B |